Report says China's reserves still rising fast

China's foreign exchange reserves continued to rise in August, a newspaper reported on Friday 30 September, suggesting further upward pressure on the yuan.

According to the China Business News, hot money is still flowing strongly into the economy as a bet on further currency appreciation, data indicated.

"China's foreign exchange reserves totalled $753.2 billion at the end of August, while the level was $732.4 billion at the end of July," the newspaper said, without citing sources.

The newspaper

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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